Solidaire Securities Brokerage is mulling increasing its capital from EGP 10 million to EGP 100 million within the coming period after finalizing the restructure of the company’s activities.
Amr El-Geneidy, Chairman of Solidaire Securities Brokerage, said the targeted capital increase shall be through adding new partners, so it can be transformed into a holding company for financial investments targeting the acquisition of controlling stakes in some firms listed in the Egyptian Exchange (EGX) in fields of automotives and construction.
Elsewhere, El-Geneidy emphasized on the importance of restructuring the existing capital market regulations and of speeding up the settlement of the economic disputes. Therefore, the investors would restore their confidence in the Egyptian market.
